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Problem 3-23 Fiterman Inc. has the following summarized financial statements ($000): INCOME STATEMENT Revenue $25,970 Cost/Expense 16,039 EBIT $ 9,931 Interest (8%) 1,210 EBT $
Problem 3-23 Fiterman Inc. has the following summarized financial statements ($000): INCOME STATEMENT Revenue $25,970 Cost/Expense 16,039 EBIT $ 9,931 Interest (8%) 1,210 EBT $ 8,721 Tax (35%) 3,052 Net income $ 5,669 Assets Current Assets Fixed Assets BALANCE SHEET Liabilities&Equity $ 8,217 Current Liabilities $ 7,042 30,636 Debt $17,167 Equity 14,644 Total Capital $31,811 $38,853 Total Liab&Equity $38,853 Total Assets Fiterman's equity investors have typically demanded an expected return of at least 25% before they will buy the company's stock. Evaluate Fiterman's performance using both ROE and EVA approaches. Do not round intermediate calculations. Round your answer for ROE to one decimal place, don't include the "%". Round your answer for EVA to the nearest dollar, don't include the "$". ROE % EVA $
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